Solar power has been a hot topic in recent years. It’s been adopted and installed in great quantity on the west coast, but here back east, things are just starting to pick up steam. Particularly here in the northeast, and, more pointedly, in New Hampshire. The slow adoption is warranted. We’re Granite Staters. We don’t adapt to change easy, and no matter what we’re being pitched, we want a solid study as to how (whatever it is) the product or service is going to do for us. Again, completely warranted.
One rebut that we often here is, “well, out west, it’s always sunny, so it makes sense. Here we have a little thing called winter…” While true, our response is simple: The sun still shines in winter.
The benefits of “going solar” are vast. For this conversation we’ll focus primarily on the value an array of solar panels adds to your home. Real estate is one of the largest – if not the largest – investments a person will make in their life. So talking about what does and doesn’t add value to that piece of real estate is a sensible topic of interest.
So here it goes. In regard to cost of investment vs. (potential) return on investment, one of the soundest purchases you can make is in converting your home to solar power. Installing solar panels will not only render your utilities costs as moot upon fulfilling the debt of initial cost of the solar array, it also adds an average of $5,911* of value per kilowatt (kW) hour that the system produces.
To give you some perspective, a small (average size) array generally falls in the 3.1-kilowatt range. So, upon crunching the numbers, that system can add an average of $18,324 to the value of a medium-sized home.
And, obviously, the value only goes up from there. Another fairly common array we see is the 5-kilowatt system. Installing a 5-kilowatt of solar panels adds an average of $29,555 to the retail value of a medium-sized home.
Tech Insider reported that, given current trends, one million homes across the country would have installed solar once 2016 comes to a close. That number will potentially hit close to 4 million by 2020.
With substantial State and Federal rebates, along with New Hampshire’s current REC credit rebates in play, the time is certainly NOW to get in on the maximum benefits of solar power in your home. Adding value to you property at the same time? That’s a powerful return.
If you have any questions at all about what installing power means to you, your electricity needs, and your home, we’re here to help. GoSolar NH is New Hampshire’s premier solar array installation provider. Conveniently located right off of the Spalding Turnpike in Rochester, New Hampshire, we provide solar power needs to all of New Hampshire, as well as Maine and Massachusetts.
Remember: Go solar today for a brighter tomorrow…
*Information sourced from www.costofsolar.com.
